Watch List notes:

BRITISH COINS, George I, Shilling, 1723 SSC, first laureate and draped bust right, rev crowned cruciform emblematic shields, initials of the South Sea Company in angles, garter star at centre (S 3647). Some light flecking, about extremely fine.
ex Morton and Eden, Auction 10, 24 November 2004, lot 964 (part)

Estimate: £200-250